What is a market if touched order in the context of cryptocurrency trading?

1 answers

• May 10, 2022 · 3 years ago
  At BYDFi, we offer market if touched orders as part of our advanced trading features. With a market if touched order, you can set a specific price at which you want to buy or sell a cryptocurrency. When the market price touches or surpasses the specified level, the order will be executed automatically. This allows you to take advantage of short-term price movements and enter or exit the market at the desired price. Market if touched orders can be particularly useful in volatile markets, where prices can change rapidly. However, it is important to note that the execution of a market if touched order is not guaranteed, as the market price may not reach the specified level. It is always important to carefully consider your trading strategy and risk tolerance before placing any orders.
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